Anyone who believes that the president’s proposed tax hikes on “the rich” will save our country from insolvency is grossly mistaken, and should begin to educate themselves by examining the graph below. Whoa:

This isn’t the least bit surprising, of course. We’ve seen this coming for a very long time. Barring major cuts to entitlement spending the country will go bankrupt. It’s not a possibility -- it’s an absolute certainty. Which is why I find all the “negotiations” surrounding raising taxes on “the rich” so reprehensible. The revenue generated from such a proposal -- as the graph above demonstrates -- will do virtually nothing to reduce the deficit, let alone balance the budget, and would only fund the government for about eight days. Put simply, the day of reckoning is nearly upon us (despite the actions of a certain leader which might suggest otherwise) and every freedom-loving American should be concerned.

I’m a little leery of that blue section that shows higher revenues due to “Obama’s” tax increases. I think that regardless of the tax rates (even when top rates hit 90%), historically, revenues have hovered around 18% of GDP.

2
posted on 12/13/2012 4:00:54 PM PST
by andyk
(I have sworn...eternal hostility against every form of tyranny over the mind of man.)

They have the projected tax revenue staying about the same. The tax increases will reduce employment, so the green area should look more like a fiscal cliff. It should have a downward slope. No jobs means no revenue. No jobs would increase the upward slope of government spending, because people will expect even more tax money to support them when they lose those jobs.

This graph is a good example of "positive thinking". It fails to take the inevitable consequences of a tax increase into account.

I understand your problems with the graph, but this shows that even with positive thinking, taxes are not going to solve the debt problem.

Of course they're not. I, for the life of me, can't understand why the democrats keep trying to make a failed policy ( failing over and over again) work. Socialism has never worked and never will. The more money they flush down the toilet, the less there is left. I mean, DUH. It's common sense.

“Barring major cuts to entitlement spending the country will go bankrupt.”

Damm this is getting me angry. Everyone, including conservatives, refuses to differentiate between “paid into” entitlements and “never paid a dime into” entitlements.

It IS the “never paid a dime into” entitlements that are breaking the country. Yes, the so called ‘baby boom’ generation is putting a strain on medicare and social security. But there is an important fact that is never mentioned. Everyday, some number of baby boomers turn 65 - BUT ALSO EVERY DAY SOME NUMBER OF THEM DIE. And guess what, in another decade or less the number turning 65 will be less than the number that die. And from that point on the problem shrinks and disappears.

Compare that with the welfare recipients. Every day new recipients are born. And in approximately 18 years, about 62% of those recipients will reproduce approximately 460% of themselves. This is a problem that never goes away and only grows logarithmically.

The worst part about welfare spending is that it is already greater than defense, greater than Medicare, and greater than Social Security. If you don't believe me, the link below takes you to a report that quotes exactly where it comes from, and how the left hides it.

(Do not go to this link if you are prone to excessive violence or have serious heart problems.)

The governments means-tested welfare programs now cost taxpayers roughly $1 trillion a year.The federal government runs over 80 means-tested programs providing cash, food, housing, medical care and social services to around 100 million Americans. Thats a third of the U.S. population.

. I, for the life of me, can't understand why the democrats keep trying to make a failed policy ( failing over and over again) work.

Half of them are true red communists and want to drag this country down the same rat hole all the other communists have taken their countries. They think that they can do it better, or they just crave the power too much.

All of them know that in the short term they will be able to buy votes.

That’s why I say now that it is over.. 2012 proved that The majority is now voting for benefits from the public trust and will continue to vote for politicians that offer them more and more. The media have failed the country because they refuse to tell the American people the truth about where this debt crisis is going to lead us. The only way that you will get peoples attention is to bring it all crashing down on them and then hopefully rebuild in the vision of our founders.

We have failed our posterity, I am ashamed of my generation.

16
posted on 12/13/2012 6:33:48 PM PST
by Typical_Whitey
(The political mirage of something for nothing; has ruined many a nation.)

and the other third are the ones that had jobs.... used up their 99 weeks of unemployment than went to the doctor and said they were Crazy got diagnosed with a mental condition and applied for their Social Security Disability payments.... Crazy Money...

Did you know that their are 65Million people collecting SS/SDI the majority of course are the retirees but a large portion are those scamming the system.

Typical increrase in SS/SDI participation has been roughly 3 million per 4 year increment until 2008 from 2008 thru present there has been an 18 Million person increase those are the ones dropping out of the labor participation... it is a 500 percent increase....

Where is the media on this? Why are there no investigative reports into what this trend is and what it means....

The country is toast....

Check it out on usdebtclok.org do the math.

17
posted on 12/13/2012 6:45:34 PM PST
by Typical_Whitey
(The political mirage of something for nothing; has ruined many a nation.)

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